TSL Express Daily Articles & News

When a Houston-area construction contractor experienced tightening cashflow and growing project volume, Flatbay Capital structured a $2MM interest-only CRE bridge loan secured by a first lien on the borrower’s 10,000 sf owner-occupied industrial facility.

Great American Holdings, LLC ("GA Group"), an industry-leading provider of advisory, valuation, field exam, liquidation, and real estate services, and majority-owned by funds managed by Oaktree Capital Management, L.P. ("Oaktree"), today announced the successful acquisition of G2 Capital Advisors ("G2"), a premier full-service, industry-focused investment bank and restructuring advisory firm.

Global law firm Clifford Chance has strengthened its corporate, private capital and M&A tax capabilities with the addition of Adriana Zhan as a partner in its Tax, Pensions and Employment (TPE) group. Based in New York, Zhan will help accelerate the firm’s strategic expansion of its transactional platform in the US market.

Caris Life Sciences has entered into a new senior secured financing agreement totaling up to $1.2 billion with funds managed by Blue Owl Capital and Blackstone. The structure includes an initial term loan of $400 million funded at closing, a committed delayed‑draw term facility of up to $300 million, and an uncommitted incremental facility of up to $500 million.

Convene Hospitality Group (CHG), the leading global hospitality platform at the intersection of corporate conferences, meetings and experiential events, today announced that it has secured $230 million in strategic growth capital to accelerate global expansion across its multi-brand platform.

SG Credit Partners is pleased to announce the addition of Bill Drmacich as a Managing Director in its Commercial Finance team. Bill is tasked with driving the strategic direction of the group, expanding nationwide coverage footprint and building a sponsor coverage practice. During Drmacich’s 30+ year career, he has spent significant stretches with HSBC, CIT, Ares and Mountain Ridge.

Bed Bath & Beyond, Inc. (NYSE: BBBY) (“Bed Bath & Beyond” or “BBBY”) has issued the following letter from Marcus Lemonis, Executive Chairman and Chief Executive Officer of Bed Bath & Beyond

A Crane Rental is a leading provider of full-service infrastructure with a modern fleet of rental crane equipment and heavy lifting solutions for commercial construction, industrial maintenance, oil and gas, wind and energy, and other industries. With eight strategically located branches in the Eastern United States, A Crane’s fleet includes hydraulic truck cranes, all terrain cranes, crawler cranes, rough terrain cranes, and boom trucks.

SFNet’s Advocacy Committee is planning next steps in response to the banking agencies’ proposed bank capital rule changes (Basel III Endgame) we alerted you to last month, including direct outreach to lawmakers, preparing questions to submit to lawmakers during an upcoming hearing and potentially submitting a revised comment letter to address specific concerns with the rules.

Mattr Corp. (“Mattr” or the “Company”) (TSX: MATR) announced that it has successfully closed on an amendment to its credit facility with The Toronto-Dominion Bank and National Bank of Canada as co-lead arrangers and Royal Bank of Canada, JP Morgan Chase Bank, Export Development Canada and ATB Financial as lenders to extend the US$300 million senior secured revolving facility until October 2030.

Heritage Global Valuations (“HGV”), a division of Heritage Global Inc. (NASDAQ: HGBL), a leading appraisal and liquidation firm, today announced the appointment of Elise DiBenedetto as Director of Business Development. Based in the Northeast, she will focus on expanding relationships across the restructuring, lending, and professional services sectors.

Gibraltar Business Capital (GBC) has finalized a $35MM senior secured facility for American Furniture Manufacturing (AFM) in support of the company’s acquisition by SouthWorth Capital Management (SCM). Founded in 1998 and headquartered in Ecru, MS, AFM is an assembler of upholstered furniture for sales to big box and independent furniture retailers and wholesalers.

Holland & Knight represented ArtCap Advisory Services Ltd. (ArtCap) in connection with a dual-currency senior secured term loan and Mexican peso revolving credit facility for Impulsora Sahuayo S.A. de C.V. and its subsidiaries. The deal closed on February 27.

The five-year FILO term loan, which closed on March 31, was part of the company's new upsized $175 million capital structure and provided additional liquidity to support operations and growth initiatives.

Toro Corp. (NASDAQ: TORO), (“Toro” or the “Company”), a global energy transportation services provider, today announced the signing of a $60.0 million revolving credit facility (the “Facility”) with a leading European Financial Institution.

Asset Enhancement Solutions, LLC (“AES”), a national debt advisory firm has facilitated the sale of $20 million in IEEPA Tariff Claims for Several Importers. These companies import apparel, home goods, food, holiday decorations and other types of consumer products.

Sallyport Commercial Finance is pleased to announce the successful delivery of a $2,000,000 Non-notification Factoring Facility to a Canadian printing company. Referred to Sallyport through trusted peers in the alternative finance space, this long-standing, family-run business required a flexible funding solution to repay its existing bank facility while also securing ongoing working capital to support day-to-day operations.

Morgan L. Patterson has joined FBT Gibbons as a partner in the firm’s Bankruptcy & Restructuring practice group in Wilmington, Delaware, strengthening the firm’s position in one of the nation’s most important restructuring jurisdictions.

Southstar Capital is pleased to announce the closing of a $2,000,000 accounts receivable financing facility for a private equity-backed software and consulting firm serving national retail brands across the United States.

Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack Private Bank & Trust are pleased to announce the promotion of Lisa Brandi to Senior Vice President, Treasury Management Sales.